You are invested in GreenFrame, Inc. The CEO owns 2% of GreenFrame and is considering an acquisition. If the acquisition destroys $51 million of GreenFrame's value, but the present value of the CEO's compensation increases by $6.2 million, will he be better or worse off?

The CEO will be

a. indifferent b. worse off c. better off (Chose one)

By how much has his wealth changed?